Pi Networks Binance Notion is uncertain because “Vote To List” excludes it
- Binance prefers BNB-based projects and excludes Pi Network from his community-driven listing initiative.
- Pi Network supporters express their frustration that Binance ignores the overwhelming voices that are pronounced for the listing of Pi Coin.
The PI Network Community is disappointed after Binance has excluded the token from its newly launched “Vote to List” initiative. Despite the strong support from the users in earlier coordination of the community, Pi Coin did not make it into the first campaign. The exclusion has fueled speculation about Binance’s listing criteria and the growing focus on bony-based meme projects. Although the crypto exchange has not excluded the possibility of listing PI in the future, the decision remains uncertain.
Die Binance „Vote to List“ Initiative
Binance, the world’s largest crypto tour, recently has that Vote to List-Vel introducedwith which the users can decide which tokens are noted. The initiative was developed to give the community a say in the notification process and to ensure a decentralized and transparent selection mechanism. In the opening campaign, nine projects compete for a place on the stock exchange, with the two best winners receiving a list.
The campaign projects include Bananas31 (Banana for Scale), BID (Creatorbid), Broccoli (Broccoli), Broccoli (Cz’s Dog), Koma (Koma Inu), Siren (Siren), Mubarak (Mubarak), Tut (Tutorial) and Why (Why). Each project is hosted at BNB Smart Chain, a prerequisite for participation in the initiative.
Why the PI network was not included
One of the main criteria for participating in Binance’s “Vote to List” program is that the projects on the BNB Smart Chain Networkhave to run . However, Pi Network runs on his own blockchain, which it does not qualify for this campaign. This technical barrier is the main reason for the exclusion of Pi Coin from the first round of the initiative.
Many supporters of PI Network believe that Binance prefers meme coins that are based on their own ecosystem compared to utility-oriented projects. When Binance had previously carried out a survey in the community whether Pi Coin was to be listed, an overwhelming majority of users voted for it. However, Binance did not take any measures based on the results and emphasizes that the decision about the listing is based on several factors that go beyond the support of the community.
Growing debate about the notification procedure of Binance
The rejection of Pi Network by Binance focuses on the methods of the platform to select new tokens for your stock exchange. Some industry experts point out that Binance tends to select token from projects that, in addition to integration into the platform, also benefit from prominent supporters. The founder of Binance, Changpeng Zhao, supported the Mubarak Meme Coin significantly when he took part in the first campaign “Vote to List”.
Binance keeps the unreserved authority to determine all listing requirements. The stock exchange repeatedly states that listing lists such as compliance testing, security assessment and evaluation of the market requirements. Pi Coin is expected to be listed on Binance, but its final listing status remains unclear.
The persistent debate is promising for the supporters of the PI network, because Binance could finally decide the token due to the support from the user base. The trading platform of the stock exchange has neither defined a specific time frame nor explained explanations for the possible integration of Pi Coin into the trade.
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